Axe Trader, is a revolutionary proprietary trading firm that not only offers a dynamic trading environment but also prioritizes your development as a trader. With an enthusiastic CEO and a supportive community on platforms like Discord, Axe Trader provides a safe space for traders to exchange ideas and learn.
Whether you're a beginner or an expert, their unique “Double Axe” evaluation gives you a second chance to succeed, ensuring you build strong trading habits. From quick payouts to flexible account options, Axe Trader is your partner in achieving trading success.
What is Axe Trader?
| Key Feature | Details |
|---|---|
| CEO | Rick Knight |
| Platform | cTrader, MatchTrader, and DXtrade |
| Payout Split | Upto 100% |
| First Payout | 8 days |
| Subsequent Payouts | Weekly |
| Maximum Drawdown | Upto 6% |
| Headquarters | UK |
| Expert Advisors | Allowed |
| Max Funding | $250,000 |
| Funding Programs | Funded Axe, 1 Step Evaluation, 2 Step Evaluation |
| Leverage | 1:30 |
| Weekend Holding | Allowed |
| Contact | support@AxeTrader.com |
| Trustpilot Rating | 4.3/5.0 |
Axe Trader is a proprietary trading firm founded in December 2023 and based in London, UK. The company is led by CEO Rick Knight and provides traders with the opportunity to choose between three unique funding programs:
Many traders who have joined the Axe Trader community describe the experience as life-changing. The platform provides a safe space for traders to share ideas, learn from one another, and advance their skills. The support team at Axe Trader is highly responsive and dedicated to helping traders succeed.
Axe Trader The Evaluation Process | Double the Axe, Double the Chances
One of the standout features of Axe Trader is its unique “Double Axe” evaluation process. Recognizing that even skilled traders can have off days, Axe Trader believes in second chances. Each evaluation comes with a second attempt, allowing traders to take another shot at passing if they don't strike a bullseye on their first try.
For those who may not have the time to go through the evaluation process, Axe Trader also offers directly funded accounts!
1. Funded Axe
By purchasing a Funded Axe account, you are awarded a funded account with an initial 8% profit target. You must only respect the 3% maximum daily loss and 6% maximum total loss rules. Your first payout can be as early as 8 calendar days from your first trade or when you hit the 8% profit target. Subsequent payouts can be requested weekly, consisting of 70% up to 100% of profits earned.
The Regular Funded Axe account has a locked drawdown, while the Aggressive option doesn't have any locks on the drawdown limitations.
| Account Size | Pricing(Regular) | Pricing(Aggressive) |
|---|---|---|
| $2,500 | $98 | $128 |
| $5,000 | $198 | $248 |
| $10,000 | $298 | $378 |
| $25,000 | $598 | $748 |
| $2,500 | $98 | $128 |
2. Two-Step Evaluation
Axe Trader's Two-step Evaluation provides traders the opportunity to manage account sizes ranging from $5,000 up to $200,000. The aim is to identify talented traders and enable them to manage the firm's capital.
| Account Size | Pricing |
|---|---|
| $5,000 | $98 (Single Axe Price: $48) |
| $10,000 | $198 (Single Axe Price: $98) |
| $25,000 | $298 (Single Axe Price: $198) |
| $50,000 | $398 (Single Axe Price: $298) |
| $100,000 | $698 (Single Axe Price: $598) |
| $150,000 | $1,098 (Single Axe Price: $998) |
| $200,000 | $1,698 (Single Axe Price: $1,498) |
3. One-Step Evaluation
Axe Trader also offers a One-step Evaluation option, providing a more streamlined process compared to the Two-step Evaluation. The One-step Evaluation likely follows a similar structure to the Two-step Evaluation, with the key difference being the consolidation of the evaluation process into a single phase. This allows traders to prove their skills and qualify for a funded account more quickly.
| Account Size | Pricing |
|---|---|
| $5,000 | $98 (Single Axe Price: $48) |
| $10,000 | $198 (Single Axe Price: $98) |
| $25,000 | $298 (Single Axe Price: $198) |
| $50,000 | $398 (Single Axe Price: $298) |
| $100,000 | $698 (Single Axe Price: $598) |
| $150,000 | $1,098 (Single Axe Price: $998) |
| $250,000 | $1,698 (Single Axe Price: $1,498) |
Flexible Payout Options | Earn Up to 100% of Your Profits
Axe Trader understands that every trader has different goals and preferences when it comes to payouts. While the default payout ratio is set at 80% for evaluations and 70% for funded accounts, the firm goes above and beyond by offering the opportunity to upgrade to 90% and even scale up to an impressive 100% of profits earned.
Moreover, traders have the freedom to request payouts on a weekly basis, with payout processing commencing as quickly as 8 trading days. This speedy turnaround ensures that traders can access their hard-earned profits without unnecessary delays.
Platforms and Tools | Trade Your Way
Axe Trader partners with top-notch trading platforms to provide its users with a seamless and professional trading experience. Traders can choose from cTrader, MatchTrader, and DXtrade, depending on their preferences and trading style. These platforms offer advanced charting tools, customizable layouts, and a wide range of tradable instruments.
The firm uses RAW accounts from brokers, which carry commission charges for Forex and Equity Share CFDs. However, other products do not incur commissions. For Forex and Metals, a competitive commission of $3.5 per side per round lot is charged.
Axe Trader’s Transparency and Integrity
Axe Trader operates with a high level of transparency and integrity. The firm clearly outlines its services, which involve evaluating the simulated trading performance of potential traders in virtual off-exchange foreign currency instrument pairs (Forex) and selected virtual contracts for differences (CFDs).
Data analysis is conducted based on simulated trading activities in demo accounts traded by potential traders through Axe Trader's platform, utilizing data provided by a third-party broker. The methods and techniques are established and maintained by eligible traders who have met specific criteria defined by Axe Trader.
It's important to note that theoretical performance outcomes should not be considered reflective of real trading experiences. They are typically formulated with the advantage of historical knowledge and may not fully encompass the impact of various risk-related elements. However, Axe Trader's commitment to transparency ensures that traders are well informed about the nature of the simulated trading environment.
MyFlashFunding Details
| Key Feature | Details |
|---|---|
| Supported Platforms | cTrader, MatchTrader, and DXtrade |
| Payment Methods | Credit/Debit Cards, Cryptocurrency (Bitcoin and others) |
| Withdrawal Methods | Cryptocurrency, PayPal, Skrill, Nettler, WireTransfer/BankTransfer |
| Headquarter | UK |
| Restricted Countries | OAFC countries |
| Tradable Instruments | Forex Pairs, Commodities, Indices, Cryptocurrencies |
| Owner | Rick Knight |
| Established | 2023 |
FAQs Related to Axe Trader
What are the Trading Hours on Axe Trader?
Trading hours are set by the broker and can vary by product. Traders can check trading hours for each product in the platform's Market Watch window. Holidays may impact available trading hours.
Do Axe Trader Accounts Charge Commissions?
Yes, Axe Trader uses RAW accounts from the broker which have commission charges for Forex and Equity Share CFDs. Other products do not carry a commission. For Forex and Metals, the commission is $3.5 per side per round lot.
How are Taxes Handled for Axe Trader Profits?
When trading a live account, traders are treated as independent contractors and are responsible for any taxes on their gains.
Are there any Position Limits on Axe Trader Accounts?
Axe Trader reserves the right to limit the number of open positions and revise drawdown levels at which trading will be halted in response to market conditions. The broker may also refuse to accept any order.
What is an “axe” in Trading Terminology?
An axe signifies a trader's expressed interest in buying or selling a security already in their inventory. It represents their specific focus in the markets.
Is insider Trading allowed for Axe Trader Directors?
No, insider trading, such as a director buying shares based on non-public information, is illegal and not permitted.
Join the Axe Trader Revolution
Don't let limited capital hold you back any longer. Join the Axe Trader revolution today and experience the thrill of trading with up to $200,000 in funding. With the firm's capital and your skills, the possibilities are endless.
“Axe Trader” serves as a compelling exploration of the intricate dynamics within the trading world, offering readers a nuanced understanding of market strategies and the psychological facets of trading. The article delves into the historical evolution of trading practices, highlighting the pivotal role of technology in shaping modern trading environments.
